Is It Time for a Business Retreat?
August 14th, 2013 by MornaBefore the fall starts, show season is in full force and you start thinking about the holidays, try to set aside some time in the next week or two to work “on” your business. I think the business retreat is a great way to do this.
All of us find it really easy to work in our businesses but do you work “on” our businesses? I’d always heard about this concept, but didn’t really understand it as much in the early days of my business. Well, that was because I was spending all my time working “in” my business. Much of what I learned about this concept came from the E-Myth people, particularly Michael Gerber’s book The E-Myth Revisited: Why Most Small Businesses Don’t Work and What to Do About It. The premise is that we can’t grow our business if we spend all our time doing the work in the business; i.e., being the technicians or doers. We have to learn and utilize management and entrepreneurial skills to build the business. Your goal should be to have your business work for you, not you working for it.
So, is all your time spent “doing” the business?
Here are four ways to strive toward working on your business:
- Develop a clear vision about the path your company will take. This clarity is critical for you and for any people that you hire, whether full-time or on a project basis.
- Take time to work on your business. I’ve heard from numerous quilters in business – longarm quilters to commission art quilters – that you need to spend two-to three hours marketing your business for every hour you spend fabricating your art. The best approach here is to set aside the time that works for you to do this. It could be three hours every morning or it could be every Monday and Tuesday. Sometimes you need to try working on your business in a different surrounding. I have a friend who goes to the local café each week to work on her business. The goal is set a time consistently to do this.
- Look for ways to create systems in your business. This could be anything from a system to contact potential buyers to a system to process orders. Systems make a difference in how much time you don’t spend as a technician or doer. I’m continually looking at what I do to see if a system could be initiated.
- Work on yourself. In addition to spending time working on your business, you need to work on yourself. The late Jim Rohn said, “Work harder on yourself than you do on your job. The major value in life is not what you get. The major value in life is what you become.” And, who you become as a person spills over into your business.
I’ve blocked a couple days for this and am thinking about going somewhere outside my home. It’s easier to do this without distractions. Good luck with your retreat and the plans you come up with.
Please share your best business lesson on the blog.
Kathy K. Wylie said:
For the past couple years, I have worked “on” my business by creating a fall plan (a term borrowed from my husband’s company). Here’s how it works. Late August, I make a list of all the goals/projects I would like to accomplish in the coming year on the front page of a notebook. Each goal is then written on the top of a page in the notebook. Under each goal, I outline the tasks that are required to complete that project. The next step is key. Each task is assigned a month, week or day and scheduled on my calendar. This way, I am more likely to keep on track and make progress on new projects.
Morna said:
Kathy, Thanks for sharing this. I remember our talking about your fall plan at Market. It definitely works for you and requires just a system for you to stay on top of it.